Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Rupsa Sacco challenges KUSCCO liquidators Sacco wants an independent insolvency practitioner Court case adds pressure to KUSCCO restructuring Ruiru-based Rupsa Sacco has moved to the High Court to block three liquidators appointed by the Commissioner for Co-operative Development. The liquidators were appointed for the Kenya Union of Savings and Credit Co-operatives (KUSCCO), the cooperative sector’s…
High Court suspends September 5 elections for Kenya Sugar Board grower representatives. The dispute centres on the classification of Bumula Sub County under the wrong sugarcane catchment. The constitutional petition has been fast tracked, with the hearing set for September 11. The High Court has suspended elections for grower representatives to the Kenya Sugar Board…
High Court suspends Treasury approval requirement for banks seeking to raise loan interest rates. Order follows a legal challenge by the Kenya Bankers Association over Section 44 of the Banking Act. Borrowers are not automatically facing higher rates, but customers with variable rate loans should monitor lender communications. Thousands of Kenyan borrowers face fresh uncertainty…
Six sugar suppliers have sued the government for Ksh173.58 million they claim is owed after South Nyanza, Chemelil and Muhoroni sugar mills were leased to private investors. The businesses argue their outstanding claims were not addressed during the 30 year leases and want compensation, interest and lost profits. They are asking the High Court to…
The Co-operative Tribunal has ordered KUSCCO to refund nearly Ksh489 million to Mhasibu DT Sacco over a matured fixed deposit and savings account. The tribunal ruled that KUSCCO must honour its contractual obligations despite its financial challenges and restructuring. The decision could influence similar recovery claims by other Saccos seeking to recover funds tied up…
An Eldoret court released five suspects linked to 4,000 bags of suspected counterfeit fertilizer worth over KSh24 million as investigations continue. The court ordered fertilizer samples sent to the Government Chemist for analysis and directed police to release a seized vehicle. Investigators are pursuing a wider crackdown into an alleged counterfeit fertilizer network operating across…
Capital DT Sacco CEO Stephen Murithi has been arraigned over alleged fraud of Ksh39 million from the Sacco. He was granted bond of Ksh1 million, with mention set for August 19 and hearing for October 15, 2026. The alleged fraud occurred at the Sacco’s Meru offices between February and April 2026. Capital DT Sacco Chief…
The National Treasury, SHA, IRA and other state agencies have been sued over alleged failures to manage public servants’ insurance schemes and settle claims exceeding Ksh20 billion. The petition alleges decades of unpaid death, disability and work injury benefits affecting civil servants, teachers and security officers. The case seeks a court declaration that the government’s…
Court dismisses Delmonte’s bid to block a Ksh 975 million legal costs claim. Judge rules legal costs can be determined after a case is concluded. Dispute stems from residents’ claims of eviction from ancestral land. The High Court has dismissed an application by Delmonte Kenya Limited (DKL) seeking to halt a Ksh 975 million legal…
A Nairobi court ruled that unlicensed digital lenders cannot sue to recover unpaid loans. The decision strengthens the legal position of licensed Saccos over unregulated lenders. The ruling also reminds Sacco digital lenders to maintain valid CBK licences. A Nairobi court has barred unlicensed digital lenders from suing to recover unpaid debts, handing Saccos a…
